Wednesday, 18 May, 2022
TopicBloomberg wire

Topic: Bloomberg wire

Russia says it cut natural gas flows to Poland & Bulgaria as they failed to pay in Ruble

European gas prices surged more than 20% on the move and the euro fell to its lowest against the dollar since April 2017.

RBI rate-setter signals increase in borrowing cost in June after prepping market

The Reserve Bank of India earlier this month said it would begin focusing on withdrawing accommodation while still holding rates steady at a record low of 4%.

Stocks and commodities tumble as China lockdown fear rattles investors

The Stoxx 600 Europe Index fell more than 2%, with miners & energy firms at forefront of losses. US equity futures fell, S&P 500 contracts down about 1% after gauge shed 2.8% on Friday.

How to avoid Covid in a mostly mask-free world as rules ease

Calculating and managing one’s personal risk of Covid in a community might be getting trickier, but it’s still possible. Here are the most straightforward ways to minimise your risk.

ITC resorts to partial price hikes on its dairy products in a move to limit pain on buyers

The comments from the country's biggest maker of fast-moving consumer-goods comes on the back of its smaller rival Nestle India's grim outlook on rising input costs.

Amazon takes on Ambani again in India. This time, over cricket

The bruising battle for control of a bankrupt Indian retailer isn’t over yet, and two of the world’s richest men are already heading for a second round on the cricket field.

US warns China of sanctions if it offers support for Russia, vows to help India

US Deputy Secretary of State Wendy Sherman said she hoped Beijing would learn the 'right lessons' from Russia’s war, including that it can’t separate the US from its allies.

Gold prices lowest in almost two weeks as US bond yields rise

Gold prices are proving resilient -- gaining more than 6% this year -- as political and economic risks push investors toward the haven asset.

Putin says Russia has taken control of Ukraine’s Mariupol, calls it a ‘success’

Mariupol would be the biggest city yet taken by Russia in its two-month invasion and is key to asserting control over the Donbas region and linking it by land with Crimea.

Xi defends China’s Covid lockdown-dependent approach amid mounting economic woes

China is seeking to support economic growth weighed down by lockdown measures to contain the country’s worst Covid outbreaks since the early days of the pandemic.

On Camera

YourTurn

Representational image | Photo: Dhiraj Singh | Bloomberg

Indian law needs to account for women, make finance inclusive

Indian women face multiple barriers in accessing finance in an equitable manner. Research suggests adding a gender lens to existing laws and financial products is crucial.
Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

Representational image of Pangong Tso | ThePrint

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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